India’s new government, led by business-oriented Prime Minister Narendra Modi, has emphasized the importance of restoring India’s economic growth to higher rates, along with restoring India’s place in the world as a great trading nation. It will be important for the United States to advance policies responsive to a more open Indian approach on trade and investment matters. I argue, in a new Policy Innovation Memorandum released today, that a good way to begin revitalizing the U.S.-India economic relationship, currently beset with animosities, will be for the United States to support India’s long-pending bid for membership in the Asia-Pacific Economic Cooperation Forum (APEC).

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